Question 2 YBank offers 1-year and 2-year loans. (Principle and interest are re-paid at the end of loans.) The current annual interest rate on a 2-year loan is 6% and the current annual rate on a 1-year loan is 5-570. Bernie wants to borrow $ 10,000 for two years and decides to take two 1-year loans. (a) How much would Bernie have to have re-pay on the 2-year loan. ($11,236) (b) How much does Bernie have to repay on the first 1-year loan. ($10,550). (c) What is the maximum interest rate that Bernie must expect on the second 1-year loan? (65%)